Consumer Oriented Innovations in Payments Industry Reviewed by Timetric in In-demand Report Published at MarketPublishers.com

In-demand research report “2020 Foresight Report: Consumer Centric Payment Innovations” worked out by Timetric has been recently published by Market Publishers Ltd.

http://marketpublishers.com/

London, UK (PRWEB) November 15, 2013

Over the past five years, the payment industry has been buzzing with innovative services and products the world over. Currently, a common trend among payment innovations reported the world over is that most of them focus on increasing the convenience, security, accessibility, speed and the cost of payments. Changing consumer behavior, such as increased use of media devices to manage everyday activities and the increasing use of social media, has attracted a number of organisations to build their business and product strategies around these platforms.

The majority of innovations currently originate from North America and Europe. Europe, however, is set to lose some steam in the next five years’ time, while North America is likely to keep on impressing with novel payment solutions, mainly led by advances in the United States. Meanwhile, the emerging economies of Africa, Latin America and APAC are poised to have huge growth potential in terms of payment solutions. Social media, such as Instagram, Twitter and Facebook with their growing user bases, have become popular platforms to target consumers, thus opening lots of opportunities for the players in financial markets and other related domains to capitalize on this ready market.

The report offers an insightful guide to the changing landscape of the global payments industry. It presents a snapshot of various payment innovations introduced by major market participants, including both banks and non-bank payment companies. The research study examines the main factors driving the market, covers the major geographical markets, evaluates the potential of key payment card sectors, and also scrutinizes the situation in the mobile card payments sector in selected countries. The report contains a comprehensive assessment of consumer technology trends and drivers, outlines the key operational opportunities, and discusses the most burning issues faced by the market players while dealing with innovative payment solutions. In addition, extensive data forecasts for credit, debit and prepaid cards, as well as a review of key trends expected to reshape the payment landscape through 2020, can be found in the study.

Reasons to Buy:

Insightful overview of the changing landscape of the world payments market.

Comprehensive analysis of the recent developments in the payment industry with a particular focus on consumer oriented products and services.

Historical, present and forecast data on the industry performance.

Identification of the main market drivers, limiters, challenges and opportunities.

Examination of the key geographical markets.

Evaluation of the potential of different market segments.

Thorough discussion of the important issues faced by the market players while dealing with innovative payment solutions.

Extensive future outlook through 2020.

More in-demand research reports by the publisher can be found at Timetric page.